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Economic crisis hits hard: 60.5% households struggle

28 December 2023 06:36 am - 48     - {{hitsCtrl.values.hits}}

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Colombo, Dec.28 (Daily Mirror) - The economic crisis is bearing on people with as many as 60.5 percent of households finding their monthly average incomes reduced while 91.0 percent of households experiencing an increase in their monthly expenditure levels, according to a survey by the Department of Census and Statistics.

The Department traced back the origin of the crisis to the 2019 Easter Sunday attack, said it was exacerbated by the pandemic.

The survey says households not only adapted their food consumption habits but also employed diverse livelihood-based coping strategies to address the challenges of inadequate food access and availability. Some of these strategies may have adverse effects on their income generation and ability to respond to future shocks. The survey revealed that 21.9 percent of the households nationwide had implemented crisis strategy to address the scarcity of food or financial constraints. This was followed by stress strategies, and it is about 19.2 percent. Notably, in the rural sector, this crisis strategy used proportion rose to 22.8%percent of households.

During the survey, numerous households cited various reasons that led to the drop in their average monthly income. The most frequently reported cause, accounting for 48.7 percent of respondents, was less working hours signifying a significant impact on household income. People have found salaries, allowances and commissions reduced as the least reported reason among households for the decline in income levels.

As a result of the crisis, households have employed various coping strategies to mitigate its impact such as turning to a secondary job or an additional source of income."

“Conversely, the least reported coping strategy among these households was loans, mortgages, or seeking food or money from others." It's noteworthy that a substantial majority, comprising 73.6 percent of households facing reduced income, did not adopt any specific coping strategy during this period,” the Department says.

The survey which dealt with the impact on the people’s health says individuals facing unemployment or reduced incomes often encounter challenges in accessing necessary medical treatments and preventive care, leading to delays or unavoidable gaps in healthcare.

Financial barriers may exacerbate pre-existing health conditions by limiting access to essential medications and treatments. This survey collected information aims to provide a comprehensive understanding of how people's health is affected during economic crisis, supporting policymakers in formulating strategies to address healthcare challenges arising from financial hardships.

The survey findings reported that approximately 29 percent of individuals have experienced some form of illness. Among these individuals, seven percent of patients have changed their treatment procedures as a direct result of the ongoing economic crisis.

Among the patients who altered their treatment procedures due to the economic crisis, 35.1 percent have changed their treatment location and 33.9 percent resorted to using drugs only when their illness reached a critical stage.


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  Comments - 48

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  • Tinpot president and his criminal masters. Thursday, 28 December 2023 07:00 AM

    It seems like the only option left for the citizens who are not criminals is to support the JVP in rescuing the country from an incompetent president who is only interested in protecting the pohottuwa criminals.

    Abigail Thursday, 28 December 2023 11:39 AM

    Yes, let's support the JVP and bankrupt the country more.

    Prasad Thursday, 28 December 2023 12:12 PM

    The JVP will turn the country into Venezuela, where not only 60% of households struggle, but 90% of households starve and are destroyed

    Proven current team can’t Rule SL Thursday, 28 December 2023 01:22 PM

    It’s proven current Opposition

    Jagath Ekanayake Thursday, 28 December 2023 07:08 AM

    This sleazy president and his pohottuwa criminals must be brought to justice. I will vote for any party that will mete out punishment to the Rajapaksas and the other pohottuwa criminals for activities ranging from mass murder to stealing from the public.

    Nilmini Welivita Thursday, 28 December 2023 07:10 AM

    This is just leftist propaganda by JVP supporters. This president rescued the country from disaster but nobody acknowledges this.

    Munas Samsudeen Thursday, 28 December 2023 11:32 AM

    You are ignorant of the real facts. Ranil didn't rescue the country from disaster. It was Indian Prime Minister Narendra Modi ji did the rescue job by giving 3.4 billion dollars loan (credit facilities). Please acknowledge this fact

    VRAJ Thursday, 28 December 2023 07:16 AM

    MY OPINION IS THAT 75%, OF HOUSEHOLDS ARE STRUGGLE.

    nincompoop president Thursday, 28 December 2023 07:20 AM

    Kick the scumbags out before they make the island unlivable.

    Waco Thursday, 28 December 2023 07:49 AM

    Pin-President has not taken any action to rectify the economy of the country. He has no knowledge of economy what so ever. Cunning Fox. What has appen to the Loans Sri Lanka received from other countries countries?

    Adwani Thursday, 28 December 2023 07:53 AM

    One cannot rely solely on the survey taken, some of the factors those are missing are transport cost due to increase in fuel, greedy sellers who resort to making highest profit ; thus reducing the sales. Corruptions and Stealing from excessive debts, etc. are the major factors. Uneducated politicians, after stealing from reserves blame global economic crisis.

    Sambo Thursday, 28 December 2023 08:02 AM

    The Christians of this would like to thank the president and government for giving us an unforgettable Christmas that we ever enjoyed in our lives. It was the worst of the worst .

    Ama Thursday, 28 December 2023 08:02 AM

    President, You say inflation is down. But people are still struggling to meet their basics. With the NEW VAT of 18%, the situation is going to get worsen. SRI LANKA does NOT belong to you. Therefore, please disolve the parliament and go for a GENERAL ELECTION.

    This is reality Thursday, 28 December 2023 08:08 AM

    What a discovery! All our political leaders and MPs will not only be surprised, some may even experience an heart attack on reading these stats. Naturally they want to cling onto power to do something beneficial to the masses.

    Semasinghe Thursday, 28 December 2023 08:11 AM

    Survey must have faced many unavoidable limitations in conducting the survey leading to numerous unreported cases. So pathetic

    Citizen k Thursday, 28 December 2023 08:18 AM

    Hope the policy makers read and understand what their strategies have placed the citizens.

    sss Thursday, 28 December 2023 08:27 AM

    It is reported that neighboring India during the last decade or so developed by leaps and bounds. It would not have been a secret to Sri lankan politicians and high end technocrats (educated free of charge). They simply went the other way while fattening their wallets stooping such low levels as allowing substandard medicine and illegal drugs in to the country

    Fact Thursday, 28 December 2023 08:56 AM

    True. Thank God for Free Education and Free public health care. These two are the pillars supporting the society from collapsing. Disparity in income levels is quite evident. Colombo shows a totally different picture.

    Curse on seven generations on villains Thursday, 28 December 2023 09:07 AM

    Even locally grown vegetable and rice could not reach consumers, due to bloated transport expenses, which again was caused by shortage of $ and every one knows the villains of this shortage. Corruption by a few caused the crisis, and untimely deaths of helpless patients.

    Nimal Thursday, 28 December 2023 09:26 AM

    People are simply in trouble and roots traces down to everybody who put them from frying pan to fire by protecting horror governance and imposing unreasonable, unaccountable indirect taxes. This tax process will not strengthen production and service economies but only recreate insurrection in whole country.

    Sokrates Thursday, 28 December 2023 09:26 AM

    What good is it to me if I get enough fuel at the petrol shed but have to buy my medication abroad. Since the Ranil regime came into office, things have gotten worse. The fact that one can buy fuel and LPG is eyewash and is only there to keep the population calm. Ranil you failed miserably.

    Senior citizen Thursday, 28 December 2023 09:40 AM

    THE SENIOR CITIZENS TOO ARE VERY BADLY AFFECTED BY THE LOW INTEREST RATES GIVEN TO THEM MONTHLY ... HOW DO WE LIVE WITH 9.55 % MONTHLY ? HOW DO WE PAY OUR RENTS ? BUY MEDICINES AND CONSULT DOCTORS ... PAY OUR BILLS AND GET ABOUT BY TUKS ? WE ARE SUFFERING .. PLEASE HELP US WITH A BETTER RATE OF INTEREST IN OUR LAST LAP OF LIFE ...

    Nimalapola Thursday, 28 December 2023 09:57 AM

    FAILED STATE.

    KD Thursday, 28 December 2023 10:23 AM

    What are you saying? the 225 is doing quite well. Who cares about the others? this country belongs to them. the rest of us are there to slave for them the ruling elite.

    Reset of Governance Urgently Needed Thursday, 28 December 2023 10:25 AM

    All should change the mindset that current Government's

    Proven Current Opposition Thursday, 28 December 2023 01:19 PM

    It’s proven current Opposition

    johan Thursday, 28 December 2023 10:45 AM

    The Crisis could be mostly solved towards the end of Next year with the installation new President and Government.First thing to do is prune all unnecessary expenses and recurrent expenses.Secondly digitalize the government sectors from Municipal council to Ministries along with online payment systems.Thirdly concentrate cultivation,farming and bring new ventures to find employments to younger generation. Like Singapore we need honest and clean politics to take forward the country

    Bandu Thursday, 28 December 2023 11:10 AM

    Current political lot are crooks. JVP will be even worse, they guys have no concept of how economy works. similar to Rajapaksha family. Need a new set of leaders who understand the economy and that can build confidence and attract foreign investments.

    johan Thursday, 28 December 2023 12:44 PM

    JVP Front Liners will not have much economic knowledge but they have qualified professors who knows about economy and how to implement them. What the time to time Govt.do is they collect all taxes from poor people and politicians enjoy with luxurious life. Income tax Dept. should be completely digitalized from filing return to Making payment and getting the Tax Clearance certificate etc. like other countries. Even one day delay will lead penalties

    Jayantha Thursday, 28 December 2023 12:36 PM

    It is worse than those stats. Those who have kids or those who take full responsibility in home are the worst affected. Specially the issue has reached probably the upper middle class as well. Thia is the major reason why people opt to migrate taking a risk as well. Look how many have arrears in utility bills. Once vat implented most probably rw will get a worse response than GR. RW and corrupt pohuttuwas getting everything free including free fuel so hardly they feel any difficulty. They spend a luxurious life while people suffer.

    Thimal Samarajeewa Thursday, 28 December 2023 12:38 PM

    Do not expect change in government or believing in fantasies will make the people out of poverty. 70% of government income goes to service the debts and on top of that from next year onwards we have to pay approximately $ 4 billion per year to foreign lenders. Who ever come in to power will have to face the reality. People must understand this and support the new government to implement their policies.

    Natalie Nanayaka Thursday, 28 December 2023 12:46 PM

    Let's hand the country over to India. A honest enemy is better than a deceptive friend.

    Disgusted citizen Thursday, 28 December 2023 01:15 PM

    Our only hope seems to be the JVP. Sajith will join with the current set of corrupt politicians and it will be same old same old.

    Karalasingam Thursday, 28 December 2023 01:21 PM

    Families with 3 or 4 children of the middle class is doomed, no more middle class, poor and super rich exists now.

    DD Thursday, 28 December 2023 01:36 PM

    Not only do Sri Lankans all over the world feel the same pain, but also in Western countries, I believe inflation is coming down. Sri Lanka should see some positive results. Additionally, America has pumped and exported record numbers of petrol to the world, beating the OPEC gangsters. Hopefully, if the stupid Russian-started war ends, we are on the right path. So, hold tight, keep those spirits up, and let's hope we're about to reach that light at the end of this bumpy tunnel real soon!

    Susan Thursday, 28 December 2023 02:13 PM

    Cruel mind of RW may enjoy with suffering of poor but at the end he won’t get anything,certainly he will defeat in the election, paving the way to his rivals to start with strong footing

    ANNECUNT Thursday, 28 December 2023 02:28 PM

    THIS IS WHAT HAPPENS WHEN YOU VOTE FOR RAJAPAKSA FAMIL

    Mohideen bec Thursday, 28 December 2023 02:32 PM

    Rajapaksas made sri-lanka a failed state

    Sundaralingam Appanan Thursday, 28 December 2023 03:16 PM

    They are not real statements; All are NGO propaganda! all MPs since 1948 are doing very well - even they are buying properties overseas through stolen money; especially Myna and company - so as poor people! Please vote them again to RUIN the remainder of the country and they go self sufficient!

    Citizen Thursday, 28 December 2023 03:39 PM

    Any strategies wont work now .food is their in the market what ever you want.But unreachable skyrocketing prices.A kg of Bombay Onion Rs.600. 250 gms of tomatoes Rs.220.on Christmas Day.I dont know what is the price today.People are in all sorts of problem.just imagine situation of the poor?

    Leena Munas Thursday, 28 December 2023 04:18 PM

    Last saturday I went to Cargills. Gree Chillee Rs 1550/Kg, Tomato Rs 1230 /kg, Ginger 1850/kg, B.Onion Rs 2500/kg... Crazy country

    Voters will not be moved by rhetoric any more Thursday, 28 December 2023 04:43 PM

    All Ranil Bashing Ladies and Gentlemen! Lanka voters have voted time and again to socialist parties who are good orators, wile in opposition seats, but proved to be utter failures when portfolios are given. JVP is no exception. Most of bad apples in Govt. are identified now. Let us flush them out, so that others learn a lesson.

    Moon cake for dinner Thursday, 28 December 2023 04:50 PM

    At the next election, vote for the party that will give you eggs from the moon!

    Volker Metzger Thursday, 28 December 2023 05:10 PM

    The rehabilitation and rescue of Sri Lanka, as people have known long before the survey data confirms this, will be a truly Herculean task that will take years!!! None of the political parties have so far presented conceptually convincing programs with proposed solutions to deal with the country's diverse existential emergencies!!! The politics of the Rajapaksas, combined with the worst corruption and poor economic decisions, can be identified as the main cause of the people's suffering!!! Only a coalition consisting of the opposition parties with a common policy and a strong president who consistently represents and enforces this policy can the “reanimation” of Sri Lanka succeed in the spirit of a socially just society!!!

    GERIATRIC INCOME TAX PAYER SINCE 1975. Thursday, 28 December 2023 05:21 PM

    VERY VERY FUNNY STATEMENTS BY EVERYONE...No one touched on Individual Income Tax. With the threshold reduced from Rs. 3 Million to 1.2 Million per year, our disposable incomes have dropped by a minimum of Rs.75000 per month - AND WE PRIVATE SECTOR RETIREES ARE STARVING!

    Volker Metzger Thursday, 28 December 2023 05:23 PM

    The rehabilitation and rescue of Sri Lanka, as people have known long before the survey data confirms this, will be a truly Herculean task that will take years!!! None of the political parties have so far presented conceptually convincing programs with proposed solutions to deal with the country's diverse existential emergencies!!! The politics of the Rajapaksas, combined with the worst corruption and poor economic decisions, can be identified as the main cause of the people's suffering!!! Ranil Wickremesigne is the completer of this failed policy!!! Only a coalition consisting of the opposition parties with a common policy and a strong president who consistently represents and enforces this policy can the “reanimation” of Sri Lanka succeed in the spirit of a socially just society!!!

    Tissa Fernando Thursday, 28 December 2023 09:37 PM

    But Xmas and new parties are fully booked and wedding halls are fully booked, fine dining restaurants are packed with customers, roads are congested with air conditioned vehicles, if there is a cricket match, then the tickets will get sold off on no time. Xmas decorations in Sri Lanka this year was too lavish and even Christian majority countries did not have that much decorations. So who us fooling who here?

    dana Friday, 29 December 2023 06:42 AM

    Rajapakshas trying to get all sort of hard work out of RW, as a result he will more unpopular among crowds, assuming they can come to power in future, anyway RW confirming his exit and paving the way to next president to start with good standing


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